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Asset Manager ← All Institutions

Velan Capital Investment Management LP

Q2 2025 · Filed 2025-08-14
Market Value
$81M
+4.8%
Holdings
46
+4
New Purchases
8
Added To
14
Closed
6
Reduced
4
Top 10 Concentration
77.9%
Turnover
30.4%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CDTX 6.04% 0.00% +6.04% $5M
ALMS 6.03% 0.00% +6.03% $5M
ARVN 4.57% 0.00% +4.57% $4M
VRNA 11.15% 7.84% +3.31% $9M
RZLT 4.15% 1.51% +2.64% $3M
STRO 2.71% 0.87% +1.84% $2M
VRDN 1.50% 0.00% +1.50% $1M
ZVRA 7.82% 6.48% +1.34% $6M
SCPH 4.34% 3.14% +1.20% $3M
CATX 2.13% 1.38% +0.75% $2M
TELA 1.80% 1.19% +0.61% $1M
UPB 1.46% 0.85% +0.61% $1M
PTGX 0.25% 0.00% +0.25% $204K
CTMX 0.21% 0.06% +0.15% $170K
NRIX 0.14% 0.00% +0.14% $114K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SLRN 0.00% 10.81% -10.81% $0
SWTX 0.00% 10.65% -10.65% $0
LQDA 3.70% 5.75% -2.05% $3M
HRTX 17.95% 19.99% -2.04% $14M
IMNM 0.00% 1.34% -1.34% $0
GERN 0.12% 1.35% -1.23% $99K
TARA 8.04% 9.24% -1.20% $6M
TRML 7.82% 9.01% -1.19% $6M
ELDN 1.14% 1.43% -0.29% $919K
REPL 2.11% 2.31% -0.20% $2M
RGLS 0.00% 0.18% -0.18% $0
MLYS 2.93% 3.11% -0.18% $2M
KRON 0.00% 0.04% -0.04% $0
WVE 0.12% 0.14% -0.02% $98K
ELEV 0.00% 0.02% -0.02% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 1 $9M 11.2%
Mid Cap 8 $13M 16.2%
Small Cap 21 $32M 39.9%
Micro Cap 16 $26M 32.8%

Portfolio Analytics

Avg Market Cap
$2.7B
Median Market Cap
$467M
Avg P/E
122.7
Median P/E
122.7
Avg Dividend Yield
—%
Avg Beta
1.01
# Stocks
46
# ETFs / Funds
0

Top Holdings (46 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 HRTX 17.95% 6,986,744 $14M $2.07 -$908K
2 VRNA 11.15% 95,000 $9M $94.58 $3M
3 TARA 8.04% 2,139,000 $6M $3.03 -$624K +471,200 +28.2%
4 ZVRA 7.82% 715,000 $6M $8.81 $1M +50,000 +7.5%
5 TRML 7.82% 393,889 $6M $15.99 -$629K -61,523 -13.5%
6 CDTX 6.04% 100,000 $5M $48.71 +100,000 NEW
7 ALMS 6.03% 1,620,846 $5M $3.00 +1,620,846 NEW
8 ARVN 4.57% 500,000 $4M $7.36 +500,000 NEW
9 SCPH 4.34% 917,668 $3M $3.81 $1M
10 RZLT 4.15% 750,000 $3M $4.46 $2M +350,000 +87.5%
11 LQDA 3.70% 239,260 $3M $12.46 -$1M -60,740 -20.2%
12 MLYS 2.93% 174,600 $2M $13.53 -$29K +24,000 +15.9%
13 STRO 2.71% 3,060,000 $2M $0.71 $2M +2,030,000 +197.1%
14 CATX 2.13% 500,000 $2M $3.44 $655K
15 REPL 2.11% 183,083 $2M $9.29 -$74K +1,000 +0.6%
16 TELA 1.80% 747,410 $1M $1.94 $538K
17 VRDN 1.50% 86,500 $1M $13.98 +86,500 NEW
18 UPB 1.46% 107,000 $1M $10.98 $520K
19 ELDN 1.14% 338,973 $919K $2.71 -$180K +15,000 +4.6%
20 0SZI.L 0.51% 59,000 $407K $6.90 $94K
21 PTGX 0.25% 3,700 $204K $55.27 +3,700 NEW
22 CTMX 0.21% 75,000 $170K $2.27 $123K
23 NRIX 0.14% 10,000 $114K $11.39 +10,000 NEW
24 GERN 0.12% 70,000 $99K $1.41 -$943K -585,000 -89.3%
25 WVE 0.12% 15,000 $98K $6.50 -$8K +2,000 +15.4%
26 LRMR 0.12% 33,000 $95K $2.89 $35K +5,000 +17.9%
27 GOSS 0.11% 75,000 $92K $1.23 $10K
28 PRQR 0.11% 45,000 $92K $2.04 $32K
29 VTYX 0.11% 40,000 $86K $2.14 $40K
30 ERAS 0.10% 65,000 $83K $1.27 $14K +15,000 +30.0%
31 ALEC 0.10% 55,000 $77K $1.40 $9K
32 TERN 0.09% 20,000 $75K $3.73 $28K +3,000 +17.6%
33 DSGN 0.08% 20,000 $67K $3.37 $13K +6,000 +42.9%
34 CNTX 0.08% 100,000 $66K $0.66 $10K +10,000 +11.1%
35 OVID 0.07% 160,000 $53K $0.33 $23K +63,000 +65.0%
36 IMMX 0.06% 25,000 $52K $2.07 +25,000 NEW
37 ACRS 0.06% 32,700 $46K $1.42 -$7K -2,300 -6.6%
38 FDMT 0.06% 12,000 $45K $3.71 $6K
39 PYXS 0.05% 40,000 $44K $1.10 +40,000 NEW
40 PMVP 0.05% 35,000 $37K $1.06 -$1K
41 RGLS —% -$140K -80,000 -100.0% SOLD
42 SLRN —% -$8M -3,366,945 -100.0% SOLD
43 IMNM —% -$1M -153,500 -100.0% SOLD
44 ELEV —% -$12K -45,000 -100.0% SOLD
45 KRON —% -$29K -35,000 -100.0% SOLD
46 SWTX —% -$8M -185,520 -100.0% SOLD

New Positions

SymbolValue% Port
CDTX $5M 6.04%
ALMS $5M 6.03%
ARVN $4M 4.57%
VRDN $1M 1.50%
PTGX $204K 0.25%
NRIX $114K 0.14%
IMMX $52K 0.06%
PYXS $44K 0.05%

Sold Out Positions

SymbolValue% Port
IMNM —%
KRON —%
SLRN —%
RGLS —%
SWTX —%
ELEV —%
View SEC EDGAR Filings for Velan Capital Investment Management LP →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms